You can't keep up with the Joneses
So is there anything in this, or is it another daft and pointless study?
More valuable numbersThe figures came from Zoopla, which calculated the value of all the even and all the odd houses for sale, and came up with the conclusion that the odd numbers were more expensive. On average they are apparently £538 more expensive, with the average odd numbered house worth £207,202 and the even-numbered home worth £206,664.
This works across the board - unless you happen to live at number 13 - in which case the number of superstitious people unwilling to consider buying your home will depress its value dramatically.
Other handy numbersHelpfully the study also found that lower odd numbers paid off more, and that if you really want a valuable home you should go for something with a fancy name rather than a number.
On face value this seems utterly ridiculous. Surely if you calculate the totals on this sort of massive scale you will always end up with some sort of daft conclusion. We might equally be arguing that those with green front doors are worth 15% more or households who own gerbils are worth 23% less.
Is there anything in it?However, when we're desperate to explore any possible value in our homes, it's worth looking a little closer to see if there's anything in the statistics.
The higher value of lower numbers makes sense. Typically longer roads tend to be busier, so once you get into triple figures the value of your property is going to be affected by the buses rumbling past. In addition, numbers tend to start at the same end as town, so lower numbers will be closer to local amenities. Added to that, number 1 tends to be on the corner, so is worth more than any other odd number.
The fact that houses with names rather than numbers are worth more also makes sense. Nice cottages in country villages or the posh houses on the hill have always tended to have names - as have the main house on the estates of landed gentry, which are probably worth a bit of a premium.
As for the odd numbers... typically the odd numbers tend have south facing gardens. They also tend to be built first, so in developments they will have the fancy trimmings and extras that the developer couldn't afford when he ran out of cash on the other side of the street. The figures are also skewed by the premium that people seem keen to pay for having number 1.
So is there anything in this study that will help you choose a house, improve its value or help you sell faster? If you live at number 13 and give it a fancy name instead you might be marginally better off. If you have the opportunity to buy a house at number 1 you may find it easier to sell at a later date.
Otherwise you'd be just as well painting the door green and selling the gerbil for all the good it will do you.
Property Number Average Value